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Sierra Metals Appoints Mike McAllister, Vice President of Corporate Development

TORONTO, July 15, 2016/CNW/ -Sierra Metals Inc.(TSX:SMT) (BVL:SMT) ("Sierra Metals" or the "Company") is pleased to announce that it has appointed Mike McAllister as Vice President of Corporate Development effective immediately.

Mr. McAllister has served Sierra Metals as Director of Corporate Development since he joined the company in April 2015. He has played an important role in the Company's marketing, investor relations, communications and corporate strategy as Sierra embarked on a successful restructuring plan at its mines including a successful brownfield exploration program.

Mr. McAllister is a corporate development, investor relations and communications professional with over 6 years' direct experience in Corporate Development and Investor Relations and 11 years in the metals and mining sector.

Mark Brennan, President and Chief Executive Officer, stated: "We are pleased to announce the promotion of Mike McAllister to the position of Vice President of Corporate Development. We expect that this appointment will further enhance the high-quality marketing, investor relations and communication program that have been created at Sierra Metals."

About Sierra Metals

Sierra Metals Inc. is a Canadian mining company focused on precious and base metals from its Yauricocha Mine in Peru, its Bolivar Mine and Cusi Mine in Mexico. In addition, Sierra Metals is exploring several precious and base metal targets in Peru and Mexico. Projects in Peru include Adrico (gold), Victoria (copper-silver) and Ipillo (polymetallic) at the Yauricocha property in the province of Yauyos and the San Miguelito gold properties in Northern Peru. Projects in Mexico include Bacerac (silver) in the state of Sonora, and La Verde (gold) at the Batopilas property in the state of Chihuahua.

The Company's shares trade on the Bolsa de Valores de Lima and the Toronto Stock Exchange under the symbol "SMT".

Forward-Looking Statements

Except for statements of historical fact contained herein, the information in this press release may constitute "forward-looking information" within the meaning of Canadian securities law. Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations or beliefs as to future events or results. These statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at www.sedar.com.